Kupe exit decision on track for middle of year – Genesis

Tue, 26 Jan 2021

Genesis Energy says its decision on whether to sell its 46 percent stake in the Kupe oil and gas field is on track to be completed by the middle of this year.The country’s biggest electricity and gas retailer put the field under the microscope late last year, hiring RBC Capital to assist. Genesis today said the review is on track as planned and expected to be wrapped up by the middle of this year, noting recent strength in global oil prices, which topped US$50 a barrel for the first time since February last year.Oil and gas productio...

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